Guideline Value for EDEN GARDEN ALL STREETS

Eden Garden All Streets guideline value

The current guideline value for Eden Garden All Streets is Rs 4,300 per sq.ft, effective from 1 July 2024. This area is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Eden Garden All Streets has changed

The guideline value for Eden Garden All Streets has undergone several revisions over the years. In 2002, the value was Rs 509 per sq.ft, which increased to Rs 558 per sq.ft in 2003, marking a change of +10%. By 2007, the value saw a significant rise to Rs 800 per sq.ft, an increase of +43%. The value then jumped to Rs 4,000 per sq.ft in 2012, reflecting a remarkable increase of +400%. However, in 2017, it decreased to Rs 2,680 per sq.ft, showing a decline of -33%. The value rose again to Rs 4,000 per sq.ft in 2023 before reaching the current figure of Rs 4,300 per sq.ft in 2024, which is an increase of +8%.

Overall, from 2002 to 2024, the guideline value has increased by +745%. There are no revisions with figures missing for this street.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO, with 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Eden Garden All Streets above this median.

• Eden Garden: Rs 4,300 per sq.ft (2024)
• Ekangipuram 1st Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 2nd Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 3rd Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 4th Street: Rs 2,700 per sq.ft (2024)
• Ekangipuram 5th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Eden Garden All Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000. Together, the total cost for these fees would be Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Eden Garden All Streets?

The Eden Garden All Streets fall under the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Perambur

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is assessed, and the fees are calculated based on this value or the sale price, whichever is higher. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Eden Garden All Streets?

The current guideline value for Eden Garden All Streets is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 509 per sq.ft in 2002 to Rs 4,300 per sq.ft in 2024, showing a significant overall increase of +745% over the years.

What is the registration office for Eden Garden All Streets?

The registration office for Eden Garden All Streets is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would lead to a stamp duty of Rs 3,01,000 and a registration fee of Rs 86,000.

What is the land classification for Eden Garden All Streets?

Eden Garden All Streets is classified as Residential Class II Type - I, which determines the applicable guideline value for the area.